16515 Falcon Dr
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 7, 2024 | Sold | ||
| Sold | |||
| Sep 26, 2024 | In contract | - | |
| In contract | |||
| Sep 18, 2024 | Listed by Full Circle Real Estate Group | $749,500 | |
| Listed by Full Circle Real Estate Group | |||
| Jul 3, 2024 | Price Decreased |
$749,500
↓ $10K
(1.3%) | |
| Price Decreased | |||
| Feb 29, 2024 | Listed | $759,500 | |
| Listed | |||
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If you are looking for an amazing retreat overlooking the Chalk Cliffs, this has it all! Two bedrooms, with office and extra bonus room, and 3 bathrooms make this a spacious mountain paradise. Location is premium just down the street from the Mt. Princeton Hot Springs. You will take notice of the new luxury Vinyl Planking floors on main level, updated appliances and some LED lighting, new carpet in basement, and cozy fireplace in the living room. There is ample storage space in the lower level and garage, with plenty of room for your bikes, skis, kayaks, camping gear, and whatever else you need. You have a private driveway that brings you into a pine forest with the best views in Chaffee County. The wrap-around deck is a sweet spot for entertaining guests, looking out at the Chalk Cliffs, and watching the abundant wildlife in the area. You are close to world class hiking, biking, fishing, and exploring. You are minutes away from the historic St. Elmo ghost town, Chalk Lake, Wright's Lake, and National Forest access. And in the winter time, head up to nearby Monarch Mountain for some skiing or snowboarding. The central location puts you just hours away from any destination in Colorado.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017